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Search Results 0 to 11 of about 12 (some duplicates have been removed)
're less than a month away from massive layoffs and cuts in spending at the pentagon and elsewhere. nancy cordes is on capitol hill. >> reporter: good morning. they call this the sequester and both signs long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult t
to take effect. it will impact virtually every major agency in washington. the pentagon could see roughly half of the reductions and that has republicans upset. >> we're going to begin to unravel the finest military in the history of the world at a time when we need it most. >> reporter: mandatory cuts in domestic spending could also hit americans hard. there could be furloughs of food safety employees, leading to a shortage of meat poultry and eggs and pushing up food prices. 50,000 tsa workers could see their hours cut back that would mean longer security lines for air travelers, and more than 350,000 people who need mental health treatment could be denied. hundreds of thousands of government workers from teachers to federal law enforcement agents are likely to be furloughed. many republicans admit the sequester isn't ideal, but they insist cuts have to be made. >> let me be very clear and i say this to the president as i say it to you, these spending cuts are going to go through on march 1st. >> reporter: the white house warns the cuts would get phased in just a
be affected. that means 700,000 of the 800,000 who work for the pentagon. >> on our civilians it will be catastrophic. >> reporter: civilians like sue ann falkenburg a single mom 3,000 miles away in california. i would have to get a part-time job to support my family. >> reporter: falkenburg is worried about the pay cut or furlough. >> i can't exactly call my landlord and say, hey, i got a 20% cut in my salary can you reduce the rent for 20%? >> reporter: it's not just the pentagon. dozens of cuts including the fbi will have to make difficult choices. >> the fbi will have to be in a position to evaluate where the reductions will come from and that may impact the national security arena. >> reporter: the democrats' congressional campaign committee also goes on the offensive today. they will accuse republican of risking 700,000 jobs in order to protect special interest tax loopholes. >>> a total disaster that's what one walmart executive reportedly wrote about a plunge in sales. its it's announcing its report this morning. rebecca jarvis is here this
the board. with the pentagon and other departments already in crisis mode, the white house announced thursday that he had phoned them but wouldn't state more. was it to reach out for a decision or to reach out in order to compromise? >> the president shoek with senator mcconnell and the speaker. i have no content to read out to you. the two republican leaders pointed out this was the first time they reached out in ought mat imcuts in 2012. it will mean $1.2 trillion in across-the-board cuts. thursday president obama argued to friendly radio hosts that they're standing in his way for the wrong reasons. >> their basic view is nothing is important enough to raise taxes on well thi individuals or corporations corporations. and they would prefer to see these kinds of cuts and that's what behinds them at that the point. eric cantor put it this way in a statement. president obama has said that unless he gets a second tax hike, he will forced to let criminals loose on the streets meats at your grocery store won't be inspected and emergency responders won't be able to d
. it has been happening for the last several months. meanwhile at the pentagon officials are looking at big changes in how they fight cyber terror. bob orr is in washington. >> those attacks on the "new york times" and "wall street journal" are part of a plot to crack critical systems inside of the u.s. cyber detectives traced the computer break-ins at "the new york times" and "wall street journal" to government hackers inside china. chinese deny the allegations calling them not professional and groundless but both papers say there is evidence hackers stole reporters' passwords and attempted to monitor coverage of the chinese government. newspapers are just the latest targets. sources say state-sponsored spies mostly from china every day infiltrate a broad spectrum of government and business networks inside the u.s. >> cyber, i believe, represents as big a threat to the security of this country as any one specific threat. >> reporter: at his confirmation hearing thursday secretary of defense nominee chuck hagel warned computer-based attacks could be crippling
say that means as many as 700,000 of the 800,000 civilians who work for the pentagon. >> this is not a beltway phenomenon. on our civilians it will be catastrophic. >> reporter: civilians like sue ann fallenberg a single mom and administrative assistant at a naval school 3,000 miles away from washington in monterey california. >> i would have to get a part-time job to support my family. >> reporter: she is worryied about the 20% pay cut if she's furloughed or put on involuntary pay one day a week. >> can you reduce the rent for 20%? i can't say that. >> reporter: and it's not just cuts to the pentagon dozens of agencies including the fbi will also have to make difficult choices. >> the fbi would be in the position of having to evaluate where those reductions can come from, and that may impact in the national security arena. >> reporter: the president will continue in coming days to highlight the hardships to individuals and to the public at large if the cuts take place. democrats congressional campaign committee also goes on the offensive today.
. and the funding cuts gethit just one week from today. with the pentagon and other departments already in crisis mode, the white house oannounced thursday the president phoned mitch mcconnell and house speaker john boehner but deliberately avoided saying more. was it simply to restate his position or to reach out to them in the interests of compromise? >> the president spoke with senator mcconnell and the speaker. i have no content to read out to you of those conversations. >> reporter: the two republican leaders pointed out this was the first time the president has reached out to them on the topic of the automatic cuts in two months since the end of 2012. the sequester is set to kick in a week from today will mean $1.2 trillion in across the board cuts. thursday, mr. obama argued to friendly radio hosts that republicans are standing in his way for the wrong reasons. >> their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations and they would prefer to see these kinds of cuts and that's the thing that binds their party togethe
has said he will hold up the confirmation of president obama's nominees at the pentagon and the cia. >> until the president provides more information on the benghazi terror attack. >> this is a national security issue of monumental proportions, and i'm not going to stop until we get to the bottom of it. >>> thousands of people stranded after an engine fire left the carnival ship triumph stranded in the gulf of mexico. >>> and the grammy goes to "we are young." >> everybody can see our faces, and we are not very young. >> the grammy goes to "babel." >> as you can see, i read the memo. >> and all that matters. >>> john kerry can aboutingbecoming secretary of state is a sign of strength for this administration is being celebrated all over the world. >> senator hagel? >> nor hagel. sorry. >> as head of your security, we're bringing in a highly trained team of professional body doubles. >> they look nothing like me. some of them are black. they're not fooling anybody. >> well, neither are you, homey. >>> welcome to "cbs this morning." while you were sleeping in the west pop
lead to layoffs of employees at the pentagon and elsewhere. we have more from capitol hill. nancy, good morning. >> reporter: good morning, charlie and nora. around here, congress likes to call those cuts the sequester. and both sides have long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it, they've resorted to the blame game a month before the deadline. republicans may be the party of spending cuts, but on monday, house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts, the package of cuts worth $1.2 trillion, will start to kick in on march 1 taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office, more than a million jobs are at risk. defense secretary leon panetta had this warning -- >> we are going to weaken the united states and mak
pentagon officials are looking at a big change in how they fight tearer. bob orr is in washington. >> those attacks are part of the broader campaign by foreign cyber spies to hack computer systems inside the u.s. officials warn more are inevitable as cyber attacks are ga greater now. to government sponsored hackers inside china. chinese officials denied the allegations calling them not professional and groundless but both papers say there is evidence hackers stole reporters' passwords and attempted to monitor governments of the papers. state-sponsored spies, mostly from china, every day infiltrate a broad spectrum of government and business networks insight the u.s. >> cyber terrorism presents one of the biggest threats. >> secretary of defense nominee chuck hagel warned the attacks could be crippling. >> it's an insidious quiet kind of a threat that we've never quite seen before. it can paralyze a nation in a second. >> for now the damage is economic. cyber spies and criminal hackers are stealing corporate secrets worth an estimated $250 billion a year from u.s. businesses but they worry m
-the-board cuts into effect. those cuts will include $46 billion from the pentagon's budget, friday's meeting with speaker boehner and senator mcconnell at the white house is expected to come before the president signs the order. >> ladies and gentlemen, the statue of rosa parks. >> reporter: on wednesday mr. obama talked briefly with both republican leaders during a ceremony unveiling a statue of rosa parks on capitol hill. caught in this photo, it's the first time they met in face to face since december. in a last-ditch scramble democrats and republicans in the senate have crafted legislation to avoid the cuts but both bills are expected to die later today. >> when they put forward gimmicks instead of negotiating serious spending cut solutions, americans feel like they're not being listened to. >> reporter: dire warnings from agencies and departments about the negative effects of the sequester have continued, but republicans question whether the warnings are justified. last sunday on cbs' "face the nation" education secretary arne duncan said this -- >> there are lite
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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